Code Green: Merging Blockchain, Art, and Activism for a Sustainable Future
Summary:
Bitcoin (BTC), Web3 and nonfungible tokens (NFTs) are being utilized as tools for activism. Code Green, a project focused on social and environmental activism, is harnessing blockchain technology to advocate for a sustainable future. During a podcast, Code Green's co-founder, Inna Modja, revealed how they channel the power of NFTs and art to raise funds for various socio-economic and environmental causes, pointing the evolution of donation culture towards strategic collaboration with entities potential donors are already connected with.
Newcomers Bitcoin (BTC), Web3 and nonfungible tokens (NFTs) have rapidly made their mark as catalysts for activism. The ground-breaking crypto industry has made a considerable difference to people from assorted backgrounds and continues to draw the brightest brains seeking solutions for pressing global issues. While the primary concern of many crypto protocols is the finance and fintech sector, several initiatives are centred around socio-economic, environmental, and human rights-related matters. Code Green is one of these, set on utilizing blockchain technology as a means for advancing social and environmental activism on an international level. Code Green co-founder Inna Modja joined hosts Ray Salmond and Jonathan DeYoung on episode 29 of The Agenda podcast, discussing how the nonprofit group is merging the power of art and Web3 to advocate for a more sustainable future.
Throughout this enlightening discussion, Modja emphasized the importance of strategic and deliberate planning in Web3 projects, and the need to shun the common result of recent initiatives or collection drops, which often centre on extracting profit from existing group members. Speaking about NFTs’ role in Code Green’s charity efforts, Modja clarified that they don't view themselves as an NFT project. Instead, all of the NFTs they've produced have been gifted to people in their mission to support social or climate justice, combining the potency of art with their nonprofit approach.
Referencing the renowned World of Women NFT project, Modja described how Code Green was responsible for the charitable arm of this blue-chip NFT initiative, directing donations to different organizations. She shared that they raised approximately $2 million from the sales of the new generation World of Women collection.
Modja highlighted the evolution of the charity donation culture, suggesting a more effective approach is to team up with organizations potential donors already support and then channel the funds collected to various groups in need. The only occasion when they did sell something, was through The Sandbox game. Here, if individuals decided to purchase unique items, the proceeds went to nonprofits and organizations promoting gender equality and climate justice. Modja stresses that their model doesn't rely on selling NFTs, but they might need to consider a funding model for future app development, potentially through partnering with larger organizations.
The full conversation with Modja, including Code Green’s 2024 plans, is available on Cointelegraph’s Podcasts page, Apple Podcasts, or Spotify. Don't forget to explore Cointelegraph’s wide range of other shows!
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Published At
2/7/2024 4:10:00 PM
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